Don't Ignore This Chart!

February 2020

Don't Ignore This Chart!

Here's The Only NASDAQ 100 Stock To Gain Ground Last Week

by Tom Bowley

100 component stocks. 99 losers and 1 winner last week. That's how negative the breadth was for the week. I'm not surprised that a biotechnology stock ($DJUSBT) was the sole winner... Read More 

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Use RRG to Get a Grip on Where the Action is - Throw in Symbol Summary to Be Prepared

by Julius de Kempenaer

Days with wild swings, as we are seeing at the moment, are either heaven or hell, depending on what kind of trader or investor you are. Those looking for action will have a field day... Read More 

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Curating Your Watchlist - This Stock is Poised to Outperform Once the Markets Turn Positive

by Mary Ellen McGonagle

The S&P 500 has dropped 8.2% since hitting a new high in price just six days ago, and the heavy selling has pushed many individual stocks down even more... Read More 

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Is Shopify Worth Shopping For?

by Greg Schnell

Shopify (SHOP) had outrageously good earnings and spiked almost $100 on the news. This week, the same stock is down over $200 from the highs and is close to 25% off the highs, sitting at $464. The $350 level is the 200-day moving average... Read More 

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Two Changes to the Asset Allocation RRG Universe

by Julius de Kempenaer

People who follow the RRG Charts blog and my other articles in the ChartWatchers newsletter, as well as this Don't Ignore This Chart blog, will know that I like a top-down, structured approach to markets... Read More 

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This Stock Has Legendary Backing, High Growth and a Breakout On Volume.....

by Mary Ellen McGonagle

Retail Furnishing stocks have been a hot area as new home sales have continued to grow in this low interest rate environment... Read More 

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Gold Drives By $1600

by Greg Schnell

Gold has been holding up while other commodities collapsed in 2020. But today was special, as gold vaulted back through $1600. The best part of the move was that the miners also supported the move! First of all, this is the chart of gold. Looks great, uptrend intact... Read More 

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Making It Work

by Greg Schnell

Slack Technologies (WORK) has been building a software program for a while now, but the stock recently went public. Since the IPO, the stock has been breaking down. All that changed this week, when the stock surged off the lows... Read More 

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Opposite Rotations Suggest an Outperformance for CSCO over WMT in Coming Weeks

by Julius de Kempenaer

CSCO peaked in the first half of 2019. The first time at $ 56.30 in April and then again in July at $ 57.40. A typical failure to convincingly break above a previous high. From July onward CSCO moved lower to a low around $ 43 at the start of December... Read More 

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Facebook Has a Serious Case of Seconds

by Greg Schnell

Facebook (FB) has been moving in a wide range for the last few years. Once a leading stock, it now resembles a 2nd-place performer as all the large-cap Tech teammates continue to run to new highs... Read More 

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This Hot IPO is Poised to Trade Higher - Even After Gapping Up on Strong Earnings

by Mary Ellen McGonagle

Bill.com (BILL) has been one of the better-performing IPOs to debut recently. The leading provider of cloud-based software that automates complex back-office financial operations popped more than 60% on its first day of trading two months ago... Read More 

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A Sharp "Hook" on the RRG and a Completed Wedge Suggest This Stock is Ready to Rally

by Julius de Kempenaer

While browsing through some RRGs, my eye fell on a rare rotation in the Financial sector. AIG, on the daily RRG, was coming from leading through weakening and just hit the lagging quadrant a few days ago... Read More 

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When a Strong Stock in a Leadership Group Pulls Back

by Mary Ellen McGonagle

Software stocks got hit yesterday, with the group down over 3% and many individual stocks seeing losses as high as 10% for the day... Read More 

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Alibaba Checks Back To Support

by Greg Schnell

Alibaba (BABA) is holding one of the nicer charts, and the coronavirus has created a small back test to support. What makes the chart a little more interesting are the indicators. The SCTR suggests that the recent push to new highs makes Alibaba one of the top-performing stocks... Read More 

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The Selling Wasn't Due To The Coronavirus; Here's What No One Is Talking About

by Tom Bowley

The selling that we saw last week was long overdue. Many are panicking over the coronavirus, which is easy to do when it's the only thing that the media is covering... Read More